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Uniswap is a decentralized cryptocurrency exchange that uses a set of smart contracts to create liquidity pools for the execution of trades. It is an open source project and falls into the category of a DeFi product ( Decentralized finance ) because it uses smart contracts to facilitate trades instead of a centralized exchange.
The Uniswap protocol facilitates decentralized swaps of crypto-assets through an automated market maker (AMM) type design. The protocol has become one of the pillars of the DeFi ecosystem in Ethereum.
Decentralized application. A decentralised application ( DApp,[ 1] dApp, [ 2] Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system. [ 3] Like traditional applications, DApps provide some function or ...
makerdao.com. DAI(or DAI, formerly Saior SAI) is a stablecointoken on the Ethereumblockchainwhich uses smart contractsdesigned to control supply to keep its value as close to one United States dollaras possible. DAI is maintained and regulated by MakerDAO, a decentralized autonomous organizationcomposed of the owners of its governance token ...
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Decentralized finance. Decentralized finance (often stylized as DeFi) offers financial instruments without relying on intermediaries such as brokerages, exchanges, or banks by using smart contracts on a blockchain, mainly Ethereum. DeFi platforms allow people to lend or borrow funds from others, speculate on price movements on assets using ...
Virtual currency, or virtual money, is a digital currency that is largely unregulated, issued and usually controlled by its developers, and used and accepted electronically among the members of a specific virtual community. [ 1] In 2014, the European Banking Authority defined virtual currency as "a digital representation of value that is ...
Ethereum enthusiasts gather for a Merge party in San Francisco in 2022. Ethereum 2.0 (Eth2) was a set of three or more upgrades, also known as "phases", meant to transition the network's consensus mechanism to proof-of-stake, and to scale the network's transaction throughput with execution sharding and an improved EVM architecture.